Minda Corp to buy 49% stake in Flash Electronics for Rs 1,372
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9 hours ago

Minda Corp to buy 49% stake in Flash Electronics for Rs 1,372

Deccan Chronicle  

Pune: Minda Corporation, the flagship of Spark Minda, on Wednesday said its board has approved to acquire a 49 per cent equity stake in Flash Electronics for Rs 1,372 crore in cash. Minda share price gained 5.53 per cent at Rs 571.80 a piece on the BSE in Wednesday’s intraday trade The collaboration combines Minda Corp's expertise in automotive body electronics with Flash Electronics' specialization in engine and powertrain electronics. “This collaboration aims to bolster both organizations’ positions in the automotive industry by leveraging each other's strengths and driving future growth by unlocking synergies across products, technology and customers,” Minda Corporation stated. Flash is expected to achieve revenue over Rs 1,500 crore in FY25 and the firm has been impressively delivering a CAGR of over 17 per cent during past years, Minda Corporation said in a statement.

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Minda Corp share price surges over 5% on plans to acquire 49% stake of Flash Electronics for ₹1,372 crore
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